{"id":6697,"date":"2007-10-22T00:00:00","date_gmt":"2007-10-22T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"macquarie-raises-offer-for-techem-to-2-billion","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2007\/macquarie-raises-offer-for-techem-to-2-billion.html","title":{"rendered":"Macquarie Raises Offer for Techem to $2 Billion"},"content":{"rendered":"<p>CNBC &#8211; Australian bank <strong>Macquarie<\/strong> raised its offer for <strong><strong>Techem<\/strong><\/strong> to 1.43 billion euros ($2 billion), 5.4 percent more than its previous bid and thefourth offer for the German metering company.<\/p>\n<p class=\"textBodyBlack\">  Techem shares were indicated 18 percent higher in trading before markets open after Macquarie said on Monday it offered Techem&#8217;s investors 58 euros a share. Techem recommended its shareholders to  accept the offer.<\/p>\n<p class=\"textBodyBlack\">  &#8220;The offer is amongst all possible options the best for the future,&#8221; spokesman Stefan Lutz said.&nbsp;<\/p>\n<p class=\"textBodyBlack\">  Techem had been caught in a struggle between Macquarie, hedge funds and other investors that sought to buy the company, and Chief Executive Horst Enzelmueller said in September in a newspaper  interview he was looking for a new majority investor to end the stalemate caused by the two competing large shareholders &#8212; Macquarie and the hedge funds.<\/p>\n<p><strong><a href=\"http:\/\/www.cnbc.com\/id\/21319183\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNBC &#8211; Australian bank Macquarie raised its offer for Techem to 1.43 billion euros ($2 billion), 5.4 percent more than its previous bid and thefourth offer for the German metering company. Techem shares were indicated 18 percent higher in trading [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6697","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6697"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6697\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}